ETH vs. BTCI
ETH (Grayscale Ethereum Staking Mini ETF) and BTCI (NEOS Bitcoin High Income ETF) are both Cryptocurrency funds. Both are actively managed. Over the past year, ETH returned -45.97% vs -39.39% for BTCI. Their correlation of 0.82 means they have usually moved in the same direction. ETH charges 0.15%/yr vs 0.99%/yr for BTCI.
Performance
ETH vs. BTCI - Performance Comparison
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Returns By Period
In the year-to-date period, ETH achieves a -36.49% return, which is significantly lower than BTCI's -24.72% return.
ETH
- 1D
- 0.11%
- 1M
- 10.14%
- 6M
- -18.78%
- YTD
- -36.49%
- 1Y
- -45.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -26.19%
BTCI
- 1D
- 1.36%
- 1M
- 3.90%
- 6M
- -16.62%
- YTD
- -24.72%
- 1Y
- -39.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -3.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $12.20M | $12.80M | $22.04M | |
| $31.27M | $33.28M | $46.00M |
ETH vs. BTCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETH Grayscale Ethereum Staking Mini ETF | -36.49% | -10.89% | 27.49% |
BTCI NEOS Bitcoin High Income ETF | -24.72% | -1.09% | 26.12% |
Correlation
The correlation between ETH and BTCI is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2024 | 0.82 |
The correlation between ETH and BTCI has been stable across timeframes, ranging from 0.82 to 0.90 - a consistent structural relationship.
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Return for Risk
ETH vs. BTCI — Risk / Return Rank
ETH
BTCI
ETH vs. BTCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Ethereum Staking Mini ETF (ETH) and NEOS Bitcoin High Income ETF (BTCI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ETH | BTCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.84 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | -0.82 | +0.13 |
| Martin ratioReturn relative to average drawdown | -1.02 | -1.28 | +0.26 |
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Drawdowns
ETH vs. BTCI - Drawdown Comparison
The maximum ETH drawdown since its inception was -67.52%, which is greater than BTCI's maximum drawdown of -48.42%. Use the drawdown chart below to compare losses from any high point for ETH and BTCI.
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Drawdown Indicators
| ETH | BTCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.52% | -48.42% | -19.10% |
Max Drawdown (1Y)Largest decline over 1 year | -67.52% | -48.42% | -19.10% |
Current DrawdownCurrent decline from peak | -60.89% | -44.33% | -16.56% |
Average DrawdownAverage peak-to-trough decline | -35.09% | -17.87% | -17.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.23% | 30.91% | +14.32% |
Volatility
ETH vs. BTCI - Volatility Comparison
Grayscale Ethereum Staking Mini ETF (ETH) has a higher volatility of 12.23% compared to NEOS Bitcoin High Income ETF (BTCI) at 7.07%. This indicates that ETH's price experiences larger fluctuations and is considered to be riskier than BTCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETH | BTCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.23% | 7.07% | +5.16% |
Volatility (6M)Calculated over the trailing 6-month period | 45.64% | 30.74% | +14.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.03% | 40.03% | +27.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.15% | 39.64% | +31.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.15% | 39.64% | +31.51% |
ETH vs. BTCI - Expense Ratio Comparison
ETH has a 0.15% expense ratio, which is lower than BTCI's 0.99% expense ratio.
Dividends
ETH vs. BTCI - Dividend Comparison
ETH has not paid dividends to shareholders, while BTCI's dividend yield for the trailing twelve months is around 40.70%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BTCI NEOS Bitcoin High Income ETF | 40.70% | 36.46% | 6.76% |
ETH Grayscale Ethereum Staking Mini ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.90, ETH and BTCI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
ETH has higher volatility (12.23%) compared to BTCI (7.07%). In terms of maximum drawdown, ETH dropped -67.52% vs BTCI's -48.42%.
On 1-year performance, BTCI leads with -39.39% vs -45.97% for ETH. On fees, ETH is cheaper at 0.15% per year. On volatility, BTCI has been the lower-risk option at 7.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BTCI has performed better with a -39.39% return vs -45.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ETH is cheaper with a 0.15% expense ratio, compared with 0.99% for BTCI.
BTCI has the higher dividend yield at 40.70%, compared with 0.00% for ETH.
They also come from different issuers: Grayscale and Neos. Their fees differ too: 0.15% for ETH and 0.99% for BTCI.
ETH currently has the higher Sharpe Ratio (-0.69 vs -0.99), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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